Reported 11 months ago
Ahead of Micron Technology's fiscal third-quarter earnings report, analysts have revisited the company's stock price targets. The memory-chip maker has seen significant year-to-date gains and market value growth, with a key price target upgrade from a top Wall Street analyst. Micron's high-bandwidth-memory (HBM) chips are playing a vital role in the AI-investment surge, and the company's revenue from HBM is expected to boost overall gross margins starting in the fiscal third quarter. Analysts are optimistic about Micron's performance, with price targets raised by Citigroup and Baird analysts, highlighting the potential for strong sales and profit margins, particularly in the AI sector.
Source: YAHOO